Money

by | September 27, 2018 | 07:13

Fed Chair Jerome Powell endorsed that approach again last month, saying it was a safe path amid uncertainty. That would put the benchmark overnight lending rate at 3.4 percent, roughly half a percentage point above the Fed's estimated "neutral" rate of interest, at which rates neither stimulate nor restrict the economy.

by | September 27, 2018 | 06:12

Canadian Prime Minister, Justin Trudeau , speaks during a news conference at U.N. headquarters during the General Assembly of the United Nations in Manhattan, New York, U.S., September 26, 2018. Returning to criticizing Canada, he ripped America's neighbor to the north for a long-imposed tariff of almost 300 percent on some dairy products. The attack cast further doubt on the future of the three-nation North American Free Trade Agreement, which underpins $1.2 trillion in annual trade ...

by | September 27, 2018 | 02:06

Trump said Mexico has been "totally great" in negotiating trade with the U.S. "If Canada comes along now, that would be the best". President Donald Trump on Monday imposed tariffs on an additional US$200 billion of Chinese goods, prompting swift retaliation from Beijing on US$60 billion in USA products.

by | September 26, 2018 | 19:49

Brent crude hit $79.82 per barrel in the United States trade on Monday, while West Texas Intermediate (WTI) futures gained 1.2 percent to touch $71.60 a barrel. Total supply from outside of the Organization of Petroleum Exporting Countries will surge by 8.6 MMbpd from 2017 to 2023, to 66.1 MMbpd. Trump has repeatedly called for a hike in production by countries other than Iran to reduce oil prices .

by | September 26, 2018 | 18:55

It could cause Washington to take extraordinary steps, including the use of the Strategic Petroleum Reserve, to cool down the crude oil and other fuel prices ahead of the USA mid-term elections. "OPEC has actually been a pretty good first responder". Brent crude futures LCOc1 were last down 49 cents on the day at $81.38 a barrel by 1351 GMT, after having risen to as much as $82.55 on Tuesday, the highest since November 2014.

by | September 26, 2018 | 18:48

The 59-year-old Long Island-born self-made tycoon is still creative director and the company has been through highs and lows, forced to file for bankruptcy protection in 1993, but able to restructure with an initial investment by LVMH before going back on the New York Stock Exchange in 2011.

by | September 26, 2018 | 18:05

Mr Davis, who quit as Brexit Secretary in protest at the plan agreed by Cabinet at Mrs May's country retreat in July, said it was time to "reset" negotiations with Brussels. However, during her NY flight she welcomed what she described as clarification from the EU Council President Donald Tusk that there remained hope, expectation and desire for a deal on the side of the European Union.

by | September 26, 2018 | 16:30

This leaves many speculating that XRP enthusiasts may indeed be right about XRP becoming the No. 1 coin. Also this week, PNC, a top ten USA bank, announced that it would use RippleNet to process worldwide payments for its customers.

by | September 26, 2018 | 13:47

The outages from Iran are worse than most analysts expected as buyers remain wary of penalties from sanctions due to take effect from November. Some of these producers have visited Japan and " told us if you need more crude oil , we can supply", said Cosmo Oil's director of supply Masashi Nakayama.

by | September 26, 2018 | 13:50

Pompeo argues that the president's focus on defending American sovereignty has paid dividends for both the USA and the rest of the world. "I honor the right of every nation in this room to pursue its own customs, beliefs and traditions. Trump has said sanctions on North Korea would remain for now. "It is ironic that the USA government does not even hide its plan for overthrowing the same government it invites to talks", Rouhani said.

by | September 26, 2018 | 06:35

The article, citing anonymous sources with direct knowledge of the matter, said the two informed Instagram's leadership team of their decision on Monday. Facebook acquired Instagram in April 2012 for a combination of cash and stock worth some $ 1 billion at the time . They also come at a time when Facebook's core platform is under fire for how it safeguards customer data, as it defends against political efforts to spread false information, and as younger users increasingly prefer ...

by | September 24, 2018 | 21:13

In a white paper, published Monday, China said the United States was applying " extreme pressure " on Beijing to push forward its own interests, while pursuing " economic hegemony ". Separately on Monday, Australian investment bank Macquarie said that Mexico stands to benefit the most from rising trade tensions between the United States and China.

by | September 24, 2018 | 18:57

OPEC's reticence, combined with signs of accelerating supply losses from Iran, created a bullish mood the the annual gathering of the Asian oil industry, traders, refiners and bankers in Singapore on Monday. "We have the consensus that we need to offset reductions and achieve 100 per cent compliance, which means we can produce significantly more than we are producing today if there is demand", Al Falih said.

by | September 24, 2018 | 16:10

Comcast is paying a high price - more than double Sky's share price before Fox made its approach in December 2016. Acquiring Sky would also expand the content and distribution model that Roberts has embraced since buying NBCUniversal seven years ago.

by | September 24, 2018 | 15:32

The German carmaker Porsche says it will stop making diesel cars, and concentrate on petrol, electric and hybrid engines instead. Are you sad to see Porsche ditch diesel in favour of hybrids and EVs? Even without its own diesel vehicles, Porsche's reputation has suffered as the German automobile industry has taken hits since 2015, after it came to light that Volkswagen had been using special software during testing to hide how polluting its cars emissions were.

by | September 24, 2018 | 06:58

And why did The Australian break the news, thus insinuating the ABC's employees weren't among the first o know? "This decision has been driven by our commitment to deliver the best possible outcomes for our loyal audiences and the best possible experience for our own people", he added.

by | September 23, 2018 | 19:00

Last week saw a mass recall of strawberries being sold around Australia after it emerged that a number of batches had been contaminated with sewing needles. "The reality is that. they've got to do some time", Mr Littleproud told ABC radio. Labor's shadow cabinet will meet on Thursday morning to consider the legislation.

by | September 23, 2018 | 15:40

The Trump administration has threatened entities and countries with consequences if they do not bring down their import of Iranian oil to zero by November 4. Japanese refiners have temporarily suspended Iranian oil loadings ahead of USA sanctions, while they are also closely monitoring government talks with Washington on securing a waiver to continue their imports, Petroleum Association of Japan President Takashi Tsukioka said at a press conference Thursday.

by | September 23, 2018 | 14:54

He was referring to the weekly survey from the oil industry group the American Petroleum Institute (API) on Tuesday that indicated US stocks had risen by 1.2 million barrels last week. Prices have traded mostly below $80 over the past few months on fears trade tensions between the USA and China could damp global demand. Opec and oil producers outside the group, including Russian Federation, will meet on Sunday to revise oil production quotas.

by | September 23, 2018 | 00:37

The protracted battle over ownership of Sky will be all but settled over 24 hours this weekend in a rare auction in which three global media heavyweights will go three rounds. Fox's latest offer stands at 14 pounds per share. The last time the Panel invoked the procedure was in 2012 when it nearly intervened in the battle for Cove Energy until Royal Dutch Shell abandoned its takeover attempt and let Thailand's PTT Exploration & Production clinch a US$1.9 billion deal for the gas ...